According to a list compiled by TrendForce, Marvell managed to hit a 72 percent increase in revenue, reporting $1.4 billion for Q1. While it is just a one-point ahead of AMD, and nowhere near that revenue, it is still a great result, and an impressive increase.
Marvell is best known for making chips for networking, storage, and compute, but what made it stand out and grow at such a rate, is the Innovium switch ASIC business, which Marvell acquired for $1.1 billion last year. Innovium contributed to 125 annual growth in Marvell's datacenter revenue for Q1.
"With 88 percent of our overall revenue derived from data infrastructure, we are confident that our unique secular growth drivers in cloud, 5G, and auto, will continue to help drive sustainable long-term growth," said Matt Murphy, Marvell's president and CEO, during Q1 financial report.
Innovium is making high-bandwidth, low-latency Ethernet switch ASIC, focusing on cloud service providers. Now under Marvell's Prestera brand, these are doing quite well against the likes of Intel, Broadcom, Cisco, and Nvidia.